Shutterstock (SSTK)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 292,573 | 215,671 | 388,215 | 489,070 | 376,980 |
| Total current liabilities | US$ in thousands | 452,386 | 383,734 | 333,784 | 256,929 | 245,894 |
| Current ratio | 0.65 | 0.56 | 1.16 | 1.90 | 1.53 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $292,573K ÷ $452,386K
= 0.65
The current ratio of Shutterstock Inc has shown a declining trend over the past five years. The ratio decreased from 1.53 in 2019 to 0.65 in 2023. This indicates that the company may have difficulty meeting its short-term obligations with its current assets alone. A current ratio below 1.0 suggests potential liquidity issues as current liabilities exceed current assets. Management and investors may need to closely monitor the company's ability to generate sufficient cash flow to cover its short-term debts and obligations. Further investigation into the company's liquidity position and operational efficiency may be warranted to assess potential risks and opportunities for improvement.
Peer comparison
Dec 31, 2023